September 29, 2019
C-Suite, Loan Officer, Origination5 Reasons to Refinance for Homeowners
To refinance or not to refinance... these days, that is the question. The fact is, refinancing offers many financial benefits to your borrowers. We aggregated five key benefits to share with your borrowers on why refinancing their mortgage could turn out to be the best thing for them, their family and their bank account.
1. Shorten the term of your loan
With record-low interest rates, payments on a 15-year mortgage may be comparable to the 30-year loan payment you've been paying.
2. Lock in a lower rate
Beyond being easier to plan for and budget, locking into a fixed rate can protect you from rising interest rates in the coming years.
3. Lower your interest rate
In general, if you can reduce your interest rate by at least 1%, refinancing your home could literally save tens of thousands of dollars over time.
4. Cash-out home equity
From paying off credit card debt to educational costs, refinancing can be a great way to convert home equity into money you can utilize now.
5. Save on monthly payments
Reducing your payment could free up hundreds of dollars per month that can be saved for a rainy day or invested back into your home.
5 Reasons to Refinance for Homeowners Infographic
Are You Ready for URLA Updates?
According to the GSEs, the new Uniform Residential Loan Application (URLA) is designed to enhance data quality, improve consistency and clarity, and strengthen the entire application process.
Podcast: The Accelerated Digitization of Title
Learn how the COVID-19 pandemic has accelerated the adoption of digital solutions in the title industry.
Meet the Radian Bots
Learn about Robotic Process Automation and the "bots" that assist Radian's operations teams.
Risk and Reward: A Women in Housing Special Edition
Radian’s SVP of Enterprise Risk Management shares her insights on trends shaping the industry and advice to young professionals.
Podcast: Home Prices in the Pandemic
Six months into the U.S. COVID-19 pandemic, how is the housing market faring?
Demo: Radian Real Estate Analytics Portal
Learn about the latest advances in housing intelligence, including computer vision artificial intelligence.
Meet the Faces of Title
The Radian Title Services sales leaders share their insights on changes impacting the title industry.
The Evolution of Valuations: How Technology is Changing the Landscape
Radian and Fannie Mae discuss how the industry has evolved over recent years and how technology could impact the future.
The Impacts of AI on Modern Home Price Indices
In this complimentary insight report, learn how Artificial Intelligence (AI) and Machine Learning (ML) acting on very large datasets have made it possible to upgrade the home price index.
Understanding New Appraisal Flexibilities
Radian and Freddie Mac discuss the latest changes in the appraisal industry as we navigate the impact of COVID-19.